Who Has the Cheapest Insurance for a Toyota Highlander in Michigan?

The likelihood of finding affordable car insurance for a Toyota Highlander in Michigan depends upon a whole bunch of factors like how safe your vehicle is, if you are a frequent claim filer, and driving citations. Michigan drivers will pay around $2,640 every 12 months for Highlander insurance, but that amount is an estimate using cost data for a 30-year-old single male with both comprehensive and collision coverage and $250 policy deductibles.

There is a good chance you are not a 30-year-old male, you might be married instead of single, and you need different coverage limits than the sample rates. Every driver’s needs are different, and that is why the most reliable way to find the most affordable coverage for your Toyota is to quote often and with as many companies as possible.

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Vehicle trim level can impact price, so the rate you will pay to insure a Highlander 2WD trim level will be $478 less than the cost to insure the fancier Highlander Hybrid Limited 4WD trim level, as demonstrated by the prices below.

Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Michigan minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Prices do not factor in specific location information which can revise coverage rates greatly.

Finding out which insurers offer the most affordable insurance rates for a Toyota Highlander will take a little more sweat than just comparing rates from one or two companies. Every insurance company has a different formula for setting rates, so we will examine the most budget-friendly insurance companies in Michigan.

We do need to point out that Michigan insurance rates are based on many factors that control the cost of having a policy. Simply getting older, buying a different vehicle, or having a fender bender can trigger rate changes that can cause some rates to be more affordable than the competition.

Best Insurance Companies for Your Highlander

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USAA offers some of the most affordable car insurance rates in Michigan at around $949 per year. GEICO, Safeco, MetLife, and Chubb would also make the list of some of the lowest-priced Michigan car insurance companies.

In the above rates, if you are a policyholder with Safeco and switched to USAA, you could earn a yearly savings of in the vicinity of $130. Michigan drivers with MetLife may save as much as $361 a year, and Chubb policyholders might lower prices by up to $423 a year.

Be aware that those policy rates are averages across all drivers and vehicles and do not factor in a specific rate factor for a Toyota Highlander. So the insurer that has the lowest price for you may not even be included in the list of companies above. That’s why you need to quote rates from as many companies as possible using your own personal information and vehicle type.

Impact of careless driving on Michigan insurance rates

The common sense way to maintain the most affordable insurance premiums in Michigan for a Highlander is to drive carefully and avoid accidents and violations. The information below demonstrates how traffic citations and at-fault accidents can increase auto insurance rates for each age group. The premium estimates are based on a married male driver, full coverage, $1,000 deductibles, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘Two Speeding Tickets and No Accidents’, ‘Two Speeding Tickets and One Accident’],[‘Age 20’, 5081,6187,7301],[‘Age 30’, 2625,3731,4845],[‘Age 40’, 2559,3663,4777],[‘Age 50’, 2349,3453,4565],[‘Age 60’, 2303,3405,4517],[‘Age 70’, 2705,3811,4921]]);var options = {title: ‘Impact of Tickets and Claims on Michigan Toyota Highlander Insurance’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Insurance Cost for a Toyota Highlander in Michigan’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

The chart shows that the average cost of a car insurance policy per year with a clean driving record and no accidents is $2,937. Get written up for two speeding tickets and the average cost swells to $4,042, an increase of $1,105 each year. Now include one accident along with the two speeding tickets and the yearly cost of insurance for a Toyota Highlander goes up to an average of $5,154. That’s an increase of $2,217, or $185 per month, just for not being a responsible driver!

The chart below illustrates how choosing a deductible can raise or lower insurance premiums when trying to find cheap insurance for a Toyota Highlander. The price estimates are based on a married male driver, comprehensive and collision coverage, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 7747,7021,6215,5447],[‘Age 30’, 4087,3701,3255,2823],[‘Age 40’, 3897,3545,3133,2739],[‘Age 50’, 3557,3235,2867,2511],[‘Age 60’, 3493,3175,2811,2463],[‘Age 70’, 3975,3631,3245,2879]]);var options = {title: ‘Effect of Deductibles on Toyota Highlander Insurance Rates in Michigan’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Toyota Highlander’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

The data above shows that a 40-year-old driver could lower their policy premium by $690 a year by switching from a $100 deductible up to a $500 deductible, or save $1,046 by changing to a $1,000 deductible. Youthful drivers, like the Age 20 chart data, could lower their rates up to $2,300 each year just by choosing larger deductibles.

If you do make the decision to raise your deductibles, it will be important to have additional funds squirreled away to be able to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

State Farm, Allstate, Geico, and Progressive: Who is cheapest?

When researching insurance for a Highlander, four good companies to start with are State Farm, Allstate, Geico, and Progressive. All four can cover your vehicle for liability and physical damage, but each one has slightly different coverages and options that add value to each policy. The next table breaks down ratings for price, service, and claims, in additional to some of the optional coverages that may be available in your state.